A wide variety of DWP benefit payments will be increasing soon. Every year, benefits increase in line with the inflation rates recorded for the previous September.
In September 2022, the Consumer Price Index (CPI) was marked at 10.1 per cent. During his Autumn Budget, Chancellor Jeremy Hunt announced the changes to benefits rates, which will reportedly cost the government £11 billion.
He told the House of Commons: "There have also been some representations to keep the uplift to working age and disability benefits below the level of inflation given the financial constraints we face. Read more: Bank of England to make interest rates announcement this month - what to expect "But that would not be consistent with our commitment to protect the most vulnerable so today I also commit to uprate such benefits by inflation with an increase of 10.1 per cent.
That is an expensive commitment costing £11billion.” Here's everything you need to know about the increases coming within the next few weeks.
Read more on manchestereveningnews.co.uk
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